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LTIMindtree shares fall after Q1 results; Analysts see limited upside aheadLTIMindtree has faced multiple macro and micro challenges over the past two years, leading to repeated disappointments. However, under new CEO Venu Lambu, who is targeting industry-leading growth and margin expansion, the company now appears to be turning the corner.By Meghna Sen   July 18, 2025, 9:41:30 AM IST (Published)2 Min ReadShares of LTIMindtree Ltd. opened with gains of 1% on Friday, July 18, after the IT services company posted decent Q1FY26 results, broadly in line with Street estimates. However, the stock soon erased its gains, falling 3% from the opening highs to hit a day's low of ₹5,078.05.

A consensus estimate of analysts covering LTIMindtree suggests limited upside from current levels. While most analysts have maintained their stance on the stock, a few have raised their price targets post-results.

Global brokerage firm HSBC maintained its 'Buy' rating on LTIMindtree and raised the target price to ₹6,000 from ₹5,900 earlier.

The brokerage said LTIMindtree's Q1 performance was broadly in line with expectations and showed continued improvement in fundamentals.

Over the medium to long term, HSBC expects LTIMindtree's growth to be nearly double that of mega-cap IT firms, with potential for strong growth pick-up at still-attractive valuations.

Nuvama also reiterated its 'Buy' call and sharply raised the target price to ₹6,200 from ₹5,200.

The brokerage said that LTIMindtree has faced multiple macro and micro challenges over the past two years, leading to repeated disappointments. However, under new CEO Venu Lambu, who is targeting industry-leading growth and margin expansion, the company now appears to be turning the corner.

Nuvama believes LTIMindtree is in a unique position: trading below the expensive, high-growth Tier-2 IT firms and above the relatively inexpensive, low-growth Tier-1 companies. This places it in a sweet spot for "growth at reasonable valuation" with a favourable risk-reward profile.

Morgan Stanley, which has an 'Equal-weight' rating and a target price of ₹5,400, said management expects to maintain growth and margin momentum. However, the commentary could have been more bullish if macro conditions were more supportive.

Morgan Stanley said that limited EPS changes compared to peers bode well for the company.

Nomura maintained a 'Neutral' rating with a target price of ₹5,040, citing improving growth visibility . It said FY26 is likely to be a "year of repair" and factored in a slightly higher tax rate for the fiscal year.

Out of 42 analysts tracking LTIMindtree, 20 have a 'Buy' rating, while 11 each have 'Hold' and 'Sell' calls.

LTIMindtree shares are currently trading 1.95% lower at ₹5,093, and are down 10% so far in 2025. The stock has recovered 38% from its recent 52-week low of ₹3,802, hit in April this year.Continue ReadingNote To ReadersDisclaimer: The views and investment tips expressed by investment experts on CNBCTV18.com are their own and not that of the website or its management. CNBCTV18.com advises users to check with certified experts before taking any investment decisions.Check out our in-depth Market Coverage, Business News & get real-time Stock Market Updates on CNBC-TV18. Also, Watch our channels CNBC-TV18, CNBC Awaaz and CNBC Bajar Live on-the-go!TagsLTIMindtreeshare market today